International Pensions

Financial Partners provides advice on the creation and maintenance of international pension plans for companies and individuals who are resident and working outside their home country. These generally include QROPS and IS&P funds, which are outlined below.

International pension structures provide a bespoke solution to house assets within a single jurisdiction irrespective of the mobility required of the company or individual. They ensure

Tax efficient accumulation, retirement and succession strategies relevant to a member's ultimate country of repatriation.

HMRC approved Qualifying Recognised Overseas Pension Scheme (QROPS).

QROPS creates a transfer opportunity for the global UK executive taking a long term view as an expatriate.

It creates a transfer opportunity for UK non-domiciled executives who have accumulated a domestic pension whilst employed in the UK.

There are significant financial benefits for effective QROPS planning, which generally ensure improved investment growth, greater control of investments and the shape and timing of retirement benefits, and future financial security of the transferred pension (e.g. passing over tax-free lump sum benefits in the event of death).

Financial Partners has access to multiple QROPS solutions that include jurisdictions such as Guernsey, the Isle of Man, Europe, New Zealand and Australia.

IS&P Funds.

The International Superannuation and Pension (IS&P) fund is a simple, flexible and effective employer-sponsored retirement plan for globally mobile individuals. It is particularly applicable for UK and Australian expatriates with world-wide assets to consolidate into a single structure prior to entering a host country.

Assets accumulated eliminate the burden of host country regulations, planning restrictions and taxation.